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GrowGeneration: The 'Pick And Shovel' Of Pot

Apr. 06, 2021 9:06 AM ETGrowGeneration Corp. (GRWG)12 Comments
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Wealth Insights


  • GrowGeneration is a hydroponics retailer that offers broad exposure to the rapidly growing US cannabis industry.
  • With triple digit growth and a runway for expansion, the company is still in early stages of growth.
  • The stock was a massive winner in 2020, appreciating almost 20X from its 52 week lows. Despite this, patient investors can realize additional upside from current levels.

Young female scientist taking care for a medical marijuana cultivation
Photo by Revolu7ion93/E+ via Getty Images

The cannabis sector is emerging in the United States, where states are steadily moving in the direction of legalization. But because cannabis is still illegal at the federal level and the market is so new, it's not

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I provide straight forward insights on stocks and markets using fundamental analysis and common sense. - Bachelor's degree in Business Administration with a concentration in Financial Analysis. Been investing and following the markets for more than a decade.- Wealth Insights is an investor, and investment author. His content is not geared to anyone's specific investment goals, time horizons, or risk tolerance. Content is for illustrative purposes only, and is not intended to displace advice from a fee based financial adviser. It is not to be taken as investment advice, or influence investor decision making. Accuracy of data is not guaranteed.

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